Cura Wealth Advisors LLC Acquires New Position in McDonald's Corporation $MCD

Key Points

• Cura Wealth Advisors LLC acquired 912 shares of McDonald's Corporation in the first quarter, valued at approximately $285,000, marking a new investment in the fast-food giant.
• McDonald's reported earnings of $3.19 per share for the latest quarter, surpassing analysts' expectations of $3.15, with a total revenue of $6.84 billion, up 5.4% year-over-year.
• The company announced a quarterly dividend of $1.77 per share, reflecting a 2.3% dividend yield, with the payout scheduled for September 16th to stockholders of record on September 2nd.

Cura Wealth Advisors LLC acquired a new stake in McDonald's Corporation (NYSE:MCD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 912 shares of the fast-food giant's stock, valued at approximately $285,000.

Other institutional investors have also modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in McDonald's in the 4th quarter valued at about $25,000. Abound Financial LLC acquired a new position in shares of McDonald's in the first quarter valued at approximately $30,000. Pinney & Scofield Inc. acquired a new position in shares of McDonald's in the fourth quarter valued at approximately $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of McDonald's in the first quarter valued at approximately $31,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of McDonald's in the first quarter worth $31,000. 70.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president directly owned 8,754 shares of the company's stock, valued at $2,713,740. This trade represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer directly owned 6,858 shares of the company's stock, valued at approximately $2,160,270. This represents a 12.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,341 shares of company stock valued at $2,544,327 over the last 90 days. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on shares of McDonald's from $305.00 to $310.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Piper Sandler boosted their target price on McDonald's from $314.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. TD Cowen boosted their target price on McDonald's from $305.00 to $315.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Citigroup boosted their price objective on McDonald's from $364.00 to $365.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $350.00 price objective (up from $345.00) on shares of McDonald's in a research report on Thursday, August 7th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $326.38.

McDonald's Trading Up 0.6%

Shares of NYSE MCD traded up $1.99 during trading hours on Tuesday, reaching $315.53. The stock had a trading volume of 3,226,990 shares, compared to its average volume of 3,210,234. The firm has a market cap of $225.16 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.19 and a beta of 0.50. McDonald's Corporation has a fifty-two week low of $276.53 and a fifty-two week high of $326.32. The firm has a 50-day moving average of $302.18 and a 200-day moving average of $306.26.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.04. McDonald's had a net margin of 32.21% and a negative return on equity of 225.52%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the firm earned $2.97 earnings per share. The business's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that McDonald's Corporation will post 12.25 EPS for the current year.

McDonald's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.77 per share. This represents a $7.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. McDonald's's dividend payout ratio (DPR) is presently 60.67%.

About McDonald's

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.